The Turkish deep-sea scrap market was silent on Monday October 15, with market participants waiting to see if an improved Turkish lira will help boost prices.The Turkish lira has picked up since the country freed the American evangelical pastor Andrew Brunson on Friday afternoon, whose detention over his alleged links to proscribed political groups resulted in political tension with the United Sta...Read More
Turkish domestic scrap prices have fallen over the past week because the country's lira has started to regain some of its former value, sources said on Monday October 15.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,850-2,040 ($315-347) per tonne delivered on Monday, compared with last week's TRY1,900-2,040 per tonne.The rise in the assessment came after s...Read More
Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by...Read More
The biggest question facing miners when planning for trade cycles is how flows will be redirected or constrained as a result of discussions between China and the United States, according to the president of marketing and supply at BHP. Arnoud Balhuizen said that BHP's commodities have been flowing as they always have, and the impact on prices has been relatively muted on a historical basis. How th...Read More
Fastmarkets MB's weekly price assessments for the CIS export steel market will not be published on October 15 because of a public holiday in Ukraine. Instead, the prices will be published on October 16, 2018. The prices affected are:CIS export cold rolled coil $ per tonne fob Black SeaCIS export hot rolled coil $ per tonne fob Black SeaCIS export heavy plate (10-50mm) $ per tonne fob Black SeaCIS...Read More
China's domestic rebar prices moved up slightly on Monday October 15 following gains in the billet and futures markets. Domestic Eastern China (Shanghai): 4,550-4,590 yuan ($657-663) per tonne, up 10 yuan per tonneNorthern China (Beijing): 4,340-4,380 yuan per tonne, widened upward by 10 yuan per tonneThe price of billet rose over the weekend amid a pick-up in demand, while futures rose continuall...Read More
The European market for standard-grade ferro-silicon was unchanged for the third consecutive week on Friday October 12, with suppliers in talks about selling alloy within the present spot price range, while Chinese prices were beginning to slide on slow demand. European market solidifies price position Outlook slow, but stable for the near term Chinese market starts to slip on lackluster demand US...Read More
The European Commission's imposition of tariff rate quotas on 23 steel products earlier this year is severely threatening non-integrated downstream wire rod consumers who have become increasingly reliant on imports over the last few years, the European Non-Integrated Wire Rod Processors Association (Eunirpa) said. Wire rod imports into Europe have increased sharply in the past three years - the ti...Read More
Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by...Read More
The European market for standard-grade ferro-silicon was unchanged for the third consecutive week on Friday October 12, with suppliers in talks about selling alloy within the present spot price range, while Chinese prices were beginning to slide on slow demand. European market solidifies price position Outlook slow, but stable for the near term Chinese market starts to slip on lackluster demand US...Read More
The prices of base metals on the London Metal Exchange were mostly lower day-on-day at the close of trading on Monday October 15, with a softer US dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious.The three-month lead price rose by 1.6% over the afternoon to reach an intraday high of $2,116 per tonne, its highest level since September 4.Whil...Read More
The biggest question facing miners when planning for trade cycles is how flows will be redirected or constrained as a result of discussions between China and the United States, according to the president of marketing and supply at BHP. Arnoud Balhuizen said that BHP's commodities have been flowing as they always have, and the impact on prices has been relatively muted on a historical basis. How th...Read More
Bismuth prices were under pressure in Europe in the week ended Friday October 12, with prices reaching their lowest level so far this year on surplus production and weak demand. Fastmarkets MB assessed the European bismuth price at $3.90-4.40 per lb on Friday October 12, down by $1.20 on the low end of the range from Wednesday's assessment. Abundant supply and a lack of sufficient demand to a...Read More
The latest news and price moves to start the Asian day on Tuesday October 16.Base metal prices on the London Metal Exchange were mostly lower at the close of trading on Monday October 15 compared with Friday, with a softer United States' dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious. Read more in our live futures report. Here are ho...Read More
The latest metal markets news and price moves to start the North American day on Monday October 15. Base metals prices on the London Metal Exchange were predominantly lower during morning trading due to a firm dollar index, while the lead price continued its recovery.Here's how base metals prices looked at...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday October 15.Most base metals prices on the Shanghai Futures Exchange were little changed to weaker during Asian morning trading on Monday, with a resurgent dollar putting downward pressure on the complex. Lead was the lone metal to record any price gains.The dollar index, at 95.33 as at...Read More
The prices of base metals on the London Metal Exchange were mostly lower day-on-day at the close of trading on Monday October 15, with a softer US dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious.The three-month lead price rose by 1.6% over the afternoon to reach an intraday high of $2,116 per tonne, its highest level since September 4.Whil...Read More
Comex copper prices rose to a multi-week high in morning trading on Monday October 15 amid a weaker dollar and optimism from LME Week in London last week. The copper price for December settlement on the Comex division of the New York Mercantile Exchange gained 3.00 cents to $2.83 per lb - the highest since October 4. While the rest of the complex...Read More
Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by...Read More
Fastmarkets MB's weekly price assessments for the CIS export steel market will not be published on October 15 because of a public holiday in Ukraine. Instead, the prices will be published on October 16, 2018. The prices affected are:CIS export cold rolled coil $ per tonne fob Black SeaCIS export hot rolled coil $ per tonne fob Black SeaCIS export heavy plate (10-50mm) $ per tonne fob Black SeaCIS...Read More